Samsung Elec breaks ground on new chip R&D centre

Samsung Electronics said it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about $15 billion) by 2028 to drive leadership in chip technology, Qazet.az reports according to company.

The world's largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap.

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"Samsung Electronics is seeking to overcome the limits of semiconductor scaling," it said in a statement.